Overview of global challenges and survival strategies for export companies

Igor Kryvovyazyuk, Kateryna Oksenyuk, Olena Zavadska, Iryna Oleksandrenko and Vitalii Dmytruk

E-Forum Working Papers, 2024, vol. 14, issue 3, 35-49

Abstract: Global challenges have created problems for export companies due to the growing threats of the market environment, which requires such companies to adopt a survival strategy and apply appropriate strategic methods to successfully counteract emerging global challenges. The purpose of the article was to update knowledge on how global challenges affect the sustainability of export companies and how strategies adopted by companies counteract the negative impact of global challenges. The methodological basis for obtaining the results of the study was factual analysis, logical and structural analysis, strategic analysis, analysis of cause and effect, and generalisation. The article critically analysed the existing theoretical concepts for explaining the impact of modern global challenges on export companies in order to reveal strategies for their survival in the face of uncertainty in the current market environment. Their further review revealed critical global challenges for export companies, which were classified according to the signs of their typification. Namely basic elements, sources of formation, thematic areas of influence, duration of influence, degree of implementation and nature of influence. The application of a strategic analysis of global challenges of export companies by thematic areas revealed possible causes of their emergence and consequences of their impact on the activities of export companies. In particular, it was found that export companies have the potential for negative impact of political and economic challenges, positive impact of technological and socio-cultural challenges, as well as neutral potential for legal and environmental challenges. It was proposed strategies for the survival of export companies under the influence of modern challenges, which should be focused on to obtain results that will ensure the sustainability of such companies in the future. The practical significance of the results lies in the fact that the main scientific provisions have been brought to the level of recommendations that can be used by managers of export companies to clarify the problems and promising areas of development of export activities

Keywords: global issues; market environment; innovations; strategic analysis; company survival strategies; exporting companies (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:cuc:eforum:v:14:y:2024:i:3:p:35-49

DOI: 10.62763/ef/3.2024.35

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